JURNAL ECONOMINA
Vol. 5 No. 8 (2026): JURNAL ECONOMINA, Agustus 2026

The Influence of Profitability and Liquidity on Company Value with Stock Price Mediation in Property and Real Estate Companies

Dedek Giri Hendrawan (Universitas Mahasaraswati Denpasar, Indonesia)
I Wayan Widnyana (Universitas Mahasaraswati Denpasar, Indonesia)
I Nengah Suardhika (Universitas Mahasaraswati Denpasar, Indonesia)



Article Info

Publish Date
30 Aug 2026

Abstract

his study examines the effect of profitability and liquidity on firm value with stock price as a mediating variable in property and real estate companies listed on the Indonesia Stock Exchange during 2020–2024. A quantitative approach was employed using secondary data from 55 companies (275 observations) selected through purposive sampling. Data were analyzed using multiple linear regression and the Sobel test. The results indicate that profitability, liquidity, and stock price have a positive and significant effect on firm value. Furthermore, stock price partially mediates the effects of profitability and liquidity on firm value.

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Journal Info

Abbrev

economina

Publisher

Subject

Economics, Econometrics & Finance

Description

JURNAL ECONOMINA (JE) is a peer-reviewed journal which publishes original research papers. ECONOMINA has been published since 2022. It is currently published every month a year with e-ISSN: 2963-1181. The Digital Object Identifier (DOI) is assigned to each published article and the journal is ...